MD HB634

Establishes the Income Tax Reconciliation Program allowing individuals who served 6 months to 10 years in state or federal prison to set up installment payment plans (up to 10 years) for income taxes owed during incarceration

Waives all interest and penalties on unpaid income tax for program participants who are approved for an installment payment plan

Applies to taxable years beginning after December 31, 2024, but before January 1, 2030; eligible individuals must be currently incarcerated or released within the preceding 2 years

Requires courts to inform defendants sentenced to 6 months to 10 years imprisonment about the program, and mandates the Comptroller and Department of Public Safety and Correctional Services to develop a public awareness campaign

Requires the Comptroller to report annually to the General Assembly on program impact starting December 1, 2026; effective July 1, 2025